CII TerminalCare Infrastructure Intelligence · model v1.2
pilot · 57,911 facilities
LIVE SIGNALS
ENFWE CARE PROVIDER, PLLCTX · 2026-08-04 · HHSC: closure noticeENFAXIS HEALTHCARE LLCTX · 2026-08-04 · HHSC: ENFORCEMENT ACTION PENDENFCENTEX CAREGIVERS LLCTX · 2026-08-01 · HHSC: closure noticeENFPROVIDENCE PERSONAL ASSISTANCE SERVICES INCTX · 2026-07-31 · HHSC: closure noticeENFSWIFT RESPONSE INCTX · 2026-07-31 · HHSC: ENFORCEMENT ACTION PENDENFRGV GUARDIANS OF CARE LLCTX · 2026-07-31 · HHSC: ENFORCEMENT ACTION PENDENFDOVE HOSPICE CARE LLCTX · 2026-07-28 · HHSC: closure noticeENFCHRIST HOME CARE LLCTX · 2026-07-24 · HHSC: closure noticeENFAMOR CURA PHC LLCTX · 2026-07-24 · HHSC: closure noticeENFKINDER HEALTHCARE SOLUTIONS LLCTX · 2026-07-20 · HHSC: closure noticeENFSUPREME TOUCH HEALTHCARE SERVICES LLCTX · 2026-07-20 · HHSC: closure noticeENFSAMNENAA CARE, INCTX · 2026-07-19 · HHSC: closure noticeENFINDEPENDENCE CARE OF TEXAS LLCTX · 2026-07-18 · HHSC: ENFORCEMENT ACTION PENDENFLA FAMILIA DEL PASO INCTX · 2026-07-10 · HHSC: closure noticeMOVECrouse Community Center Inc+98.5NY · composite 0.0 → 98.5MOVEHOME INSTEAD-92.9FL · composite 98.3 → 5.4MOVEHOMEWELL CARE SERVICES-92.0FL · composite 98.3 → 6.3MOVEHOME INSTEAD-90.9FL · composite 97.2 → 6.3MOVEHOME HEART FLORIDA-90.3FL · composite 97.7 → 7.4MOVEVITALCARING GROUP-87.7FL · composite 98.1 → 10.4MOVESENIOR CARE SOLUTIONS-87.6FL · composite 90.6 → 3.0MOVERIGHT AT HOME-85.6FL · composite 93.8 → 8.2EXITSCANDINAVIAN HOME INC54.7%RI · p(termination 12m)EXITBEADLES NEW BEGINNINGS37.9%OK · p(termination 12m)EXITBlue Valley Lutheran Nursing Home36.5%NE · p(termination 12m)EXITPRESBYTERIAN HOME FOR CENTRAL NEW YORK INC35.1%NY · p(termination 12m)CHOWBEARTOOTH REHABILITATION AND NURSING LLC76.9%MT · p(sale 12m)CHOWStonehaven Senior Living39.4%CA · p(sale 12m)CHOWAvoyelles Manor Nursing Home31.6%LA · p(sale 12m)CHOWKIT CARSON NURSING & REHABILITATION CENTER30.5%CA · p(sale 12m)ENFWE CARE PROVIDER, PLLCTX · 2026-08-04 · HHSC: closure noticeENFAXIS HEALTHCARE LLCTX · 2026-08-04 · HHSC: ENFORCEMENT ACTION PENDENFCENTEX CAREGIVERS LLCTX · 2026-08-01 · HHSC: closure noticeENFPROVIDENCE PERSONAL ASSISTANCE SERVICES INCTX · 2026-07-31 · HHSC: closure noticeENFSWIFT RESPONSE INCTX · 2026-07-31 · HHSC: ENFORCEMENT ACTION PENDENFRGV GUARDIANS OF CARE LLCTX · 2026-07-31 · HHSC: ENFORCEMENT ACTION PENDENFDOVE HOSPICE CARE LLCTX · 2026-07-28 · HHSC: closure noticeENFCHRIST HOME CARE LLCTX · 2026-07-24 · HHSC: closure noticeENFAMOR CURA PHC LLCTX · 2026-07-24 · HHSC: closure noticeENFKINDER HEALTHCARE SOLUTIONS LLCTX · 2026-07-20 · HHSC: closure noticeENFSUPREME TOUCH HEALTHCARE SERVICES LLCTX · 2026-07-20 · HHSC: closure noticeENFSAMNENAA CARE, INCTX · 2026-07-19 · HHSC: closure noticeENFINDEPENDENCE CARE OF TEXAS LLCTX · 2026-07-18 · HHSC: ENFORCEMENT ACTION PENDENFLA FAMILIA DEL PASO INCTX · 2026-07-10 · HHSC: closure noticeMOVECrouse Community Center Inc+98.5NY · composite 0.0 → 98.5MOVEHOME INSTEAD-92.9FL · composite 98.3 → 5.4MOVEHOMEWELL CARE SERVICES-92.0FL · composite 98.3 → 6.3MOVEHOME INSTEAD-90.9FL · composite 97.2 → 6.3MOVEHOME HEART FLORIDA-90.3FL · composite 97.7 → 7.4MOVEVITALCARING GROUP-87.7FL · composite 98.1 → 10.4MOVESENIOR CARE SOLUTIONS-87.6FL · composite 90.6 → 3.0MOVERIGHT AT HOME-85.6FL · composite 93.8 → 8.2EXITSCANDINAVIAN HOME INC54.7%RI · p(termination 12m)EXITBEADLES NEW BEGINNINGS37.9%OK · p(termination 12m)EXITBlue Valley Lutheran Nursing Home36.5%NE · p(termination 12m)EXITPRESBYTERIAN HOME FOR CENTRAL NEW YORK INC35.1%NY · p(termination 12m)CHOWBEARTOOTH REHABILITATION AND NURSING LLC76.9%MT · p(sale 12m)CHOWStonehaven Senior Living39.4%CA · p(sale 12m)CHOWAvoyelles Manor Nursing Home31.6%LA · p(sale 12m)CHOWKIT CARSON NURSING & REHABILITATION CENTER30.5%CA · p(sale 12m)
AS OF 2026-08-05 12:21 UTC
Screener / 245346
A

TRUMAN SENIOR LIVING

snfMN
400 NORTH 4TH AVENUE EAST, TRUMAN, MN 56088 · CCN 245346
Composite
24.9 / 100 percentile
Peer group
snf n = 14,684
Evidence depth
deep
Certified beds
30
Model
v1.2
Reads as: riskier than 24.9% of the 14,684 facilities in the snf peer group. percentile within peer group, 100 = highest risk. Grade bands are fixed percentile cuts (F is the top 5% of peer risk), so a grade is a position, not an absolute level.

Composite explanation

5
ComponentPercentileRawWeightWeight shareContributionCounts
financial risk94.483.60.300.230821.78in index
chow risk60.258.80.150.11546.95in index
regulatory risk23.015.20.300.23085.31in index
billing conduct11.310.00.300.23082.61in index
staffing risk9.59.60.250.19231.83in index
weighted_contribution sums to pre_rank_index over rows where counts_toward_index is true. The composite is the facility's percentile position of that index within its peer group, so contributions explain the input, and the rank explains the score.

Component scores and registry models

16
Score typeScoreGradeModelStatusRegistry model notes
billing conduct10.0Av0.1-pacpuf-snfdefault · in compositeR22. PAC PUF SNF 2023. PDPM coding intensity vs acuity, stay length, charge markup.
chow risk25.0Bv0.1-posdefault · in compositeChange-of-ownership footprint in the CMS Provider of Services file: control-family, legal-name and address deltas across quarterly snapshots, plus certification reset recency and Medicare tenure.
chow risk92.5Fv0.6default · in composite
financial risk83.6Fv0.5default · in compositeR18.
p adverse action 12m1.5v0.1default · in compositeR23/W4-3. Deterministic logistic p(Medicare termination within 12m), SNF only. Label = first POS termination date (any code: voluntary closure, involuntary termination, merger exit); facilities already terminated by the panel date are excluded, not counted as safe. Trained on panels 2024-07/2024-10/2025-01 (n=46,466, 283 positives), evaluated on the held-out later panel 2025-04 BEFORE shipping: AUC 0.971, top-decile lift 9.5x, top-decile capture 95.4% of the 65 terminations that followed. Separability is high because closures announce themselves in the data: collapsing occupancy is the strongest signal, and the learned NEGATIVE weight on 12m deficiency counts is the surveys-stop signature of a facility winding down, not a claim that clean inspections are dangerous. Same 15 as-of-date features and anti-leakage chassis as p_chow_12m; SFF entry rejected as a label (only one month of SFF history exists, so as-of transitions cannot be reconstructed). Score = probability x 100; grade NULL. Not in any composite.
p chow 12m0.0v0.1default · in compositeR22/W4-2. Deterministic logistic p(CHOW within 12m), SNF only. Trained on panels 2024-07/2024-10/2025-01 (n=50,700, 1,207 positives), evaluated on the held-out later panel 2025-04 BEFORE shipping: AUC 0.874, top-decile lift 5.0x (top 10% of predictions captured 49.6% of the CHOWs that actually closed in the next 12 months). Shipped coefficients are the evaluated ones; no post-holdout refit. Caveat: holdout positives (133) run below the training base rate because recent CHOWs surface in public records with a lag, so measured lift is conservative. Features are as-of-date public records: PBJ staffing level/trend/contract share (quarterly history to 2022Q1), deficiency and CMP counts (12m), ownership tenure and churn from CHOW-evidenced transactions, beds, occupancy, ownership type, chain size. Chain membership and ownership type are current-state (history not published). SFF and star ratings deliberately excluded (no as-of history). Notable learned direction: long ownership tenure RAISES sale odds and a recent prior CHOW lowers them. Score = probability x 100; grade is NULL because a probability is not a quality letter. Not in any composite.
regulatory risk15.2Av0.3default · in compositeDeficiency-based, SNF population. Runs alongside v0.5-pos.
staffing risk9.6Av0.3default · in compositeCost-report staffing, SNF population. Runs alongside v0.4-pos, which covers ICF/IID from POS.
financial risk97.3Fv0.1supersededPre-registry model iteration, superseded by a later financial_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
financial risk77.3Dv0.2supersededPre-registry model iteration, superseded by a later financial_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
financial risk71.6Dv0.3supersededPre-registry model iteration, superseded by a later financial_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
financial risk82.4Fv0.4supersededPre-registry model iteration, superseded by a later financial_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
regulatory risk15.1Av0.1supersededPre-registry model iteration, superseded by a later regulatory_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
regulatory risk15.1Av0.2supersededPre-registry model iteration, superseded by a later regulatory_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
staffing risk9.6Av0.1supersededPre-registry model iteration, superseded by a later staffing_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
staffing risk9.6Av0.2supersededPre-registry model iteration, superseded by a later staffing_risk rebuild. Rows retained for audit per project convention (see regulatory_risk v0.4-pos); never consumed because v_cii_api_facility_score and the composite eligibility join both require status = default. Backfilled 2026-07-26 by alert triage on model_registry_integrity.
Rows with counts_toward_composite false come from models that are addressable or retracted rather than default. They exist and may be informative, but they did not enter the published composite and must not be summed as though they had.

CHOW radar — 12-month sale probability

full board →
p(CHOW, 12m)
0.0%
model v0.1 · computed 2026-07-29
Percentile among SNFs
1.1
100 = most likely to sell
Holdout AUC
0.874
evaluated before shipping, never refit
DriverValuePull on odds
Never sold on record0.00-1.62
For-profit ownership0.00-1.24
Current owner tenure (years)8.61-1.01
No PBJ staffing report0.00+0.42
Chain size (log)0.00-0.40
Total nurse staffing (HPRD)4.37-0.26
Occupancy0.78-0.25
Ownership changes, last 5 years0.00+0.20
p_adverse_action_12m: probability the facility's Medicare participation terminates within 12 months (any POS termination code; already-terminated facilities are excluded, not scored safe). Deterministic logistic over as-of-date public records, SNF only. Holdout (2025-04 panel, evaluated before shipping): AUC 0.971, top-decile lift 9.5x. Closures announce themselves: collapsing occupancy dominates, and fewer recent surveys is a winding-down signature. inputs.features holds raw feature values, inputs.contributions each feature's standardized pull on the log-odds. Predictions never enter the composite. See /v1/models. | p_chow_12m: probability of a change of ownership within 12 months. Deterministic logistic over as-of-date public records, SNF only. Holdout (2025-04 panel, evaluated before shipping): AUC 0.874, top-decile lift 5.0x. inputs.features holds raw feature values, inputs.contributions each feature's standardized pull on the log-odds. Predictions never enter the composite. See /v1/models for full notes.

Distress radar — 12-month termination probability

full board →
p(termination, 12m)
1.5%
model v0.1 · computed 2026-07-29
Percentile among SNFs
89.0
100 = most likely to lose certification
Holdout AUC
0.971
top decile caught 95% of actual exits
DriverValuePull on odds
For-profit ownership0.00+1.62
Chain size (log)0.00+1.20
Deficiencies, last 12 months3.00+0.87
Total nurse staffing (HPRD)4.37-0.49
No PBJ staffing report0.00+0.39
Never sold on record0.00-0.28
Facility size (log beds)3.43+0.19
Fine amount, 12m (log)0.00+0.18
Probability the facility's Medicare participation ends within 12 months, from public records only. Red bars raise exit odds. A negative pull from deficiencies is the winding-down signature — surveys stop as a facility empties — not evidence that clean inspections are dangerous.

Staffing vs peers

16
2025Q4 HPRDThis facilityMN medianNational medianNational p25–p75
Total nurse4.373.493.282.90–3.77
RN0.780.650.390.25–0.58
Weekend total4.293.323.11
Weekday total4.413.593.35
QuarterDaysAvg censusTotal HPRDRNLPNCNAWeekendContract %
2025Q49223.54.370.780.832.774.299.2%
2025Q39222.64.610.980.692.944.5011.4%
2025Q29121.24.721.130.642.954.5711.0%
2025Q19023.74.080.880.552.654.1117.2%
2024Q49220.44.290.670.952.674.2210.5%
2024Q39220.64.270.690.972.614.1717.7%
2024Q29120.84.440.671.042.734.3218.5%
2024Q19122.54.330.680.892.764.229.7%
2023Q49224.94.200.560.882.764.138.2%
2023Q39223.94.580.590.893.104.396.0%
2023Q29123.84.820.560.953.314.5715.1%
2023Q19023.74.890.670.913.314.913.1%
2022Q49224.94.620.830.822.964.500.0%
2022Q39225.84.630.790.653.194.460.0%
2022Q29126.84.380.810.583.004.250.0%
2022Q19025.74.410.910.682.824.460.0%
HPRD is census-weighted: total hours over the quarter divided by total resident-days, not an average of daily ratios. Source is CMS Payroll-Based Journal daily records; only SNFs report PBJ, so other settings legitimately return zero rows.

Penalties

0
No penalties on record for this facility. Absence of a record here means the sources CII ingests contain none, not that none exists anywhere.

Deficiencies

11
D × 10E × 1
deficiencies by survey year
84242526
SurveyTypeTagDeficiencyScopeCorrected
2026-01-02HealthF0580Immediately tell the resident, the resident's doctor, and a family member of situations (injury/decline/room, etc.) that affect the resident.D2026-02-13
2026-01-02HealthF0641Ensure each resident receives an accurate assessment.D2026-02-13
2026-01-02HealthF0656Develop and implement a complete care plan that meets all the resident's needs, with timetables and actions that can be measured.D2026-02-13
2024-11-14HealthF0641Ensure each resident receives an accurate assessment.D2024-12-30
2024-08-21Health · complaintF0656Develop and implement a complete care plan that meets all the resident's needs, with timetables and actions that can be measured.D2024-10-08
2024-08-21Health · complaintF0684Provide appropriate treatment and care according to orders, resident’s preferences and goals.D2024-10-08
2024-08-21Health · complaintF0726Ensure that nurses and nurse aides have the appropriate competencies to care for every resident in a way that maximizes each resident's well being.D2024-10-08
2024-03-19Health · complaintF0695Provide safe and appropriate respiratory care for a resident when needed.D2024-04-15
2024-02-27HealthF0572Give residents a notice of rights, rules, services and charges.D2024-04-02
2024-02-27HealthF0576Ensure residents have reasonable access to and privacy in their use of communication methods.E2024-04-02
2024-02-27HealthF0849Arrange for the provision of hospice services or assist the resident in transferring to a facility that will arrange for the provision of hospice services.D2024-04-02
scope_severity uses the CMS letter grid: A is least serious, L most. J, K and L are immediate jeopardy. Rows are the surveyor's findings of record, not the model's opinion.

Licensure actions

0
No licensure actions on record for this facility. Absence of a record here means the sources CII ingests contain none, not that none exists anywhere.

Ownership

20
OwnerRolePctFromStatusSource
ANDERSON, JEANCORPORATE OFFICER2014-03-03currentpecos_ownership
ERICKSON, WILLIAMCORPORATE OFFICER2014-03-03currentpecos_ownership
GROSKREUTZ, WILLIAMCORPORATE DIRECTOR2022-08-22currentpecos_ownership
HARDT, HEATHEROPERATIONAL/MANAGERIAL CONTROL2018-09-04currentpecos_ownership
KNOLL, CHRISTOPHERCORPORATE OFFICER2019-01-01currentpecos_ownership
LANGBEHN, JENNIFERADP OF THE SNF2023-06-01currentpecos_ownership
NESS, JAMESCORPORATE DIRECTOR2014-03-03currentpecos_ownership
NOORLUN, YVONNECORPORATE DIRECTOR2022-02-28currentpecos_ownership
SUPPALLA, WILLIAMCORPORATE DIRECTOR2014-03-03currentpecos_ownership
WEIHE, KARENCORPORATE DIRECTOR2019-01-14currentpecos_ownership
HEATHER HARDTCORPORATE OFFICER100%2018-09-04ended 2026-05-18pecos_ownership
CHRISTOPHER KNOLLADP OF THE SNF2019-01-01ended 2026-05-18pecos_ownership
JAMES NESSCORPORATE DIRECTOR2014-03-03ended 2026-05-18pecos_ownership
JEAN ANDERSONCORPORATE OFFICER2014-03-03ended 2026-05-18pecos_ownership
JENNIFER LANGBEHNOPERATIONAL/MANAGERIAL CONTROL2023-06-01ended 2026-05-18pecos_ownership
KAREN WEIHECORPORATE DIRECTOR2019-01-14ended 2026-05-18pecos_ownership
WILLIAM ERICKSONCORPORATE OFFICER2014-03-03ended 2026-05-18pecos_ownership
WILLIAM GROSKREUTZCORPORATE DIRECTOR2022-08-22ended 2026-05-18pecos_ownership
WILLIAM SUPPALLACORPORATE DIRECTOR2014-03-03ended 2026-05-18pecos_ownership
YVONNE NOORLUNCORPORATE DIRECTOR2022-02-28ended 2026-05-18pecos_ownership
PECOS ownership and managing-control associations. Current edges have no end date in the source; historical edges are retained.

Transactions

1
Close datePriceBuyerSellerEvidence
2017-12-20HEARTLAND SENIOR LIVINGTRUMAN SENIOR LIVING INCchow

Comparable trades — MN snf

12
CloseFacilityPrice$/bedCap rateBedsBuyer
2025-07-22CURA OF ONAMIA57CURA OF ONAMIA LLC
2024-12-01SHAKOPEE FRIENDSHIP MANOR60SHAKOPEE CARE LLC
2024-12-01EDENBROOK ROCHESTER WEST48EDENBROOK ROCHESTER WEST LLC
2024-10-29Cura of Sauk Centre60CURA OF SAUK CENTRE LLC
2024-10-15Heartwood54CROSBY SENIOR SERVICES CARE CENTER
2024-02-13Cura of Monticello67CURA OF MONTICELLO LLC
2023-12-31MAPLEWOOD REHABILITATION CENTER115MAPLEWOOD REHABILITATION CENTER LLC
2023-12-31SLEEPY EYE REHABILITATI CENTER61SLEEPY EYE REHABILITATION CENTER LLC
2023-12-15ST BENEDICTS CARE CENTER75ECUMEN SBC ST CLOUD PROPERTIES LLC
2023-12-01Frazee Care Center42LEGACY SENIOR SERVICES
2023-06-05CURA OF LE SUEUR50CURA OF LE SUEUR LLC
2023-05-01LAKEHOUSE HEALTHCARE & REHABILITATION CENTER260LAKE HARRIET OPERATOR LLC
Most recent same-state, same-setting trades. Most CHOW-derived trades carry no disclosed consideration, so price, $/bed, and cap rate show only where a sale price was resolved from a deed or filing — blanks are honest, not missing data.

Market rent context

33
GeoKindBRAmountAs ofSource
county 27091acs median gross0$3922024-12-31CENSUS_ACS5
county 27091fmr0$6712025-10-01HUD_USER_FMR
county 27091acs median gross1$6862024-12-31CENSUS_ACS5
county 27091fmr1$8032025-10-01HUD_USER_FMR
county 27091acs median gross2$8732024-12-31CENSUS_ACS5
county 27091fmr2$9732025-10-01HUD_USER_FMR
county 27091acs median gross3$1,0192024-12-31CENSUS_ACS5
county 27091fmr3$1,2832025-10-01HUD_USER_FMR
county 27091acs median gross4$8722024-12-31CENSUS_ACS5
county 27091fmr4$1,2882025-10-01HUD_USER_FMR
county 27091acs median gross5$9502024-12-31CENSUS_ACS5
county 27091acs median gross$7612024-12-31CENSUS_ACS5
county 27091acs recent mover gross$7232024-12-31CENSUS_ACS5
zcta 56088acs median gross2$1,0292024-12-31CENSUS_ACS5
zcta 56088acs median gross3$1,0782024-12-31CENSUS_ACS5
zcta 56088acs median gross4$1,0682024-12-31CENSUS_ACS5
zcta 56088acs median gross$1,0392024-12-31CENSUS_ACS5
zcta 56088acs recent mover gross$1,0882024-12-31CENSUS_ACS5
zip 56088payment standard 1100$9572025-10-01HUD_USER_SAFMR
zip 56088payment standard 900$7832025-10-01HUD_USER_SAFMR
zip 56088safmr0$8702025-10-01HUD_USER_SAFMR
zip 56088payment standard 1101$9682025-10-01HUD_USER_SAFMR
zip 56088payment standard 901$7922025-10-01HUD_USER_SAFMR
zip 56088safmr1$8802025-10-01HUD_USER_SAFMR
zip 56088payment standard 1102$1,1662025-10-01HUD_USER_SAFMR
zip 56088payment standard 902$9542025-10-01HUD_USER_SAFMR
zip 56088safmr2$1,0602025-10-01HUD_USER_SAFMR
zip 56088payment standard 1103$1,6392025-10-01HUD_USER_SAFMR
zip 56088payment standard 903$1,3412025-10-01HUD_USER_SAFMR
zip 56088safmr3$1,4902025-10-01HUD_USER_SAFMR
zip 56088payment standard 1104$1,9582025-10-01HUD_USER_SAFMR
zip 56088payment standard 904$1,6022025-10-01HUD_USER_SAFMR
zip 56088safmr4$1,7802025-10-01HUD_USER_SAFMR
ACS median gross rents and HUD FMR/SAFMR for the facility's county and ZIP. Context for underwriting, not facility pricing.